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How To Withdraw Funds From Your Trading Account

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Withdraw your money quickly & safely

Withdrawing funds from your trading account is a quick and secure process, much like making a deposit. When logged into your account you should be able to easily find the withdrawal area. Select the amount that you would like to withdraw (which will be base currency specified) and confirm the action.

Things you should know when withdrawing funds

Proof of identity and documents

If this is your first withdrawal then you might need to submit some proof of identity to the broker to make sure that you are who you say you are. Such documents can include a valid Passport, Photo Identification a copy of a recent utility bill and a copy of your credit card details.

Time Limits

Just like when depositing funds, to withdraw from your account some time limits may apply. Depending on the method you have chosen to receive your earnings, you may incur a longer waiting period. Credit/Debit Cards and E-Wallets like Skrill are usually the quickest methods whilst Wire/Bank Transfers tend to take longer, unto 5 days not including the brokers processing time. Time limits differ per broker so check with them on any variations.

Withdrawal Fees

Some binary options brokers may charge a withdrawal fee to remove your funds from your account, this varies depending on the broker and can also differ depending on the method of withdrawal you have chosen. Be sure to check your brokers’ details on whether they charge or not.

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